Family Dollar for Sale

Similar documents
Prime Hampton Roads (City of Chesapeake) Property Available for BTS or Ground Lease. Southeast Corner of Airline Blvd & Ahoy Rd. Chesapeake, VA SITE

For Lease Magi Road Hanahan, South Carolina

GANDER OUTDOORS OPENING 1ST Q 2018

nnn dollar general Lake Tahoe MSA For more info on this opportunity please contact: [ REPRESENTATIVE PHOTO ] 951 S. Auburn Street, Colfax, CA 95713

MARKET DOMINANT LOCATION

buffalo wild wings 15 Year Absolute Net Buffalo Wild Wings 1901 Main Street SW Los Lunas, NM For more info on this opportunity please contact:

INVESTMENT OPPORTUNITY

ADVANCE AUTO PARTS 1520 GETWELL RD MEMPHIS, TN Matthew McParland Associate Advisor

OFFERING MEMORANDUM. Applebee s - Ground Lease Walmart Supercenter Outparcel Warren, MI

FRED S STORE 12-YEAR / NN Kershaw, SC

Price: $5,250,000 ($23.38 PSF) NOI: $475,109 CAP: 9.05%

SITE. Hudson Rogers (o) (m)

Anchorage, Alaska Opening Fall 2013

FOR LEASE - RATES STARTING AT $ NNN

buffalo wild wings open date was July 6th, 2015 newest restaurant building prototype 1086 Harter Parkway, Yuba City, CA 95993

FOR SALE N Federal Hwy Fort Lauderdale, FL Verizon Corporate Anchored - NNN Investment

For Sale. NNN - ARCO AMPM San Diego North County. Investment Opportunity ARCO AMPM - NNN LEASE- 4.2 CAP 761 N. Broadway, Escondido, CA 92025

PIZZA HUT & WINGSTREET

0 & 20 CARLSON court THE COMPLETE OFFICE PACKAGE

For Sale - NNN. 76 Gas Station with Car Wash & Auto Repair 750 N Escondido Blvd Escondido, CA Duane R. Bernard. Exclusively Offered By:

SUMMIT POINTE RETAIL LEASING SIGNATURE PROPERTIES

RETAIL POTENTIAL ON 1/2 ACRE SITE

FOR SALE > MCHENRY S BAR & GRILL

SOUTHEAST CORNER OF HIGHWAY 36 & FAIRVIEW AVENUE NORTH ROSEVILLE (MINNEAPOLIS MSA), MN

Highways 6 & 90, Sugar Land, TX 77479

Pinecrest DICKINSON NORTH DAKOTA COMMONS TAKING ROOT IN THE BAKKEN.

CORPORATE STORE & CAP RATE: 6.25% PRICE: $4,775, S. EASTERN AVENUE LAS VEGAS, NV ANCHORED POWER CENTER OR

University Office Plaza

Native Grill. 15-year Absolute Net Lease with Annual Rent increases 1717 E. 16th Street, Yuma, AZ [ REPRESENTATIVE PHOTO ]

4440 CURRY FORD ROAD

Multi-tenant Outparcel of Lowe s Retail Center for Sale

LAS VEGAS NEVADA March SUNRISE MARKETPLACE + JUST LISTED! RENTABLE: ±191,345 SF SITE AREA: ±15.11 ACRES W. DIABLO DRIVE + COMING SOON!

WENDY S RESTAURANT NNN

Dallaire's Motel and Cabins 528 Elm Street, Biddeford, Maine CVS. 11 Steeple Way Wells, ME

Cheshire Pointe 6316 Old Sugar Creek Rd, Charlotte, NC 28269

NET LEASE INVESTMENT OFFERING. Captain D s (Corporate) 649 Carlyle Avenue Belleville, IL (St. Louis MSA)

University Office Plaza

Tooele Retail Investment

7-ELEVEN (Ground Lease)

AVAILABLE BAY TOWN PLAZA FOR LEASE Bay Road Saginaw, MI Commercial Realty Inc.

LIMESTONE ROAD BRANDON, MANITOBA INDUSTRIAL FOR SALE / FOR LEASE

Chipotle Strip Center

FRED S STORE 12-YEAR / NN McDonough, GA

OFFERING MEMORANDUM NEW 12 YEAR HARBOR FREIGHT CORPORATE NNN LEASE $2,850, % CAP 2101 EAST PALMDALE BOULEVARD PALMDALE, CALIFORNIA

OPERATING SELF-SERVE CAR WASH FOR SALE

NYC Metro Area Properties

WEST VALLEY PLAZA S REDWOOD RD WEST VALLEY CITY, UT MULTI TENANT TRIPLE NET INVESTMENT

WEST MISSION. Valuable Excess Land O REILLY AUTO PARTS NET LEASED INVESTMENT IN ESCONDIDO AVE OFFERING MEMORANDUM

Belknap Street Superior, WI Belknap Plaza Incredible Investment Opportunity in Superior, WI

Belmont Village Shopping Center

a new urban landscape class a office & retail district murfreesboro, tennessee

4.5 ACRES AT AIRPORT ROAD AND ROUTE 22- LEHIGH VALLEY

REDEV ECOLONIAL GAS STATION

CORPORATE LEASE 747 NORTH MAIN STREET ROSWELL, NEW MEXICO ACTUAL SITE - PHOTO TAKEN DECEMBER SEAN STEPHENSON Associate

Commercial Development Opportunity 27.6 Acres GA Hwy 400 / Dawson County

Investment Opportunity

DRIVE CROSS PARK FOR LEASE. Todd Garrett Industrial & Investment Services C

ATHERTON PROFESSIONAL CENTER

Aloha Stadium Conceptual Redevelopment Report. April 5, 2017

THE GALLOWAY OWENS DRIVE & WILLOW ROAD, PLEASANTON, CA

FOR SALE FOR SALE SINGLE-TENANT INVESTMENT OPPORTUNITY 2601 HIGHWAY 6 VERNON, BC SINGLE-TENANT INVESTMENT OPPORTUNITY 2601 HIGHWAY 6 VERNON, BC

Big Box Opportunity. Riverdale, Georgia. Former Lowe s. Riverdale, Georgia. P of 10

OFFICE FOR SALE. GINO VINCENT Vice President TURNKEY PROFESSIONAL OFFICE BUILDING

The Campus Carlsbad 5962, 5964 & 5966 LA PLACE COURT CARLSBAD, CA 92008

INVESTMENT SUMMARY. RESIDENTIAL COMMERCIAL ** *

CVS. 625 West Clinton Street, Ithaca, NY 14850

Mixed Use Development Opportunity +/- 5 Acres

FOR LEASE. 7,500-42,500 Sq Ft Available for Immediate Occupancy CLASS A INDUSTRIAL SPACE

WE HAVE THE EXPERIENCE

Bringing People Together

Retail Space At The Base Of Elevate Lincoln Park For Lease

SHOP DINE LIVE

FOR LEASE. 7,500 Sq Ft Available for Immediate Occupancy CLASS A INDUSTRIAL SPACE

Thursday, February 26, Massy Distribution Limited

200 Richard Jackson Boulevard Panama City Beach, FL 32407

COMFORT INN & SUITES HOUSTON IAH EAST 7014 Will Clayton Parkway Humble, TX 77338

Executive Directors Review

FOR LEASE. Pflugerville Parkway Medical and Professional Offices

FOR SALE FOR SALE PRICE REDUCED SUBJECT SITE

Indianapolis - MIDTOWN - Redevelopment

12th & Main Street Plaza

LONG TERM (NNN) LEASED INVESTMENT

BRIEF OVERVIEW ORLANDO NORTH AIRPARK ENTERPRISE ZONE

FOR SALE. Opportunity to own a brand new, high quality industrial unit in the core of Metro Vancouver. DELTA LINK BUSINESS CENTRE PHASE II

North Miami-Dade County Retail/Flex Space For Lease First Year Rent Starting at $11.50/SF, Gross

The Campus Carlsbad 5962, 5964 & 5966 LA PLACE COURT CARLSBAD, CA 92008

Limestone Road Industrial Area Brandon Manitoba ~141 Acres Rail Accessible, Ready for Development

Hampton Station 1320 Hampton Avenue Extension Greenville, South Carolina 29601

PROPERTY FEATURES. UNDER NEW OWNERSHIP! Las Gaviotas Shopping Center CONTACT US RETAIL SPACE AVAILABLE

CVG Overview Connect with CVG March 29, 2017

New Construction - Corner Retail in High-Density Trade Area

Hampton Station 1320 Hampton Avenue Extension Greenville, South Carolina 29601

Winnipeg Market Report

Applebee s Neighborhood Grill & Bar

The Crossing at Telfair

HAZLET PLAZA NJ-35 Hazlet, New Jersey 20,000 SF Junior Anchor Space 1,500 SF Restaurant Space

CALL FOR OFFERS Up to 41 Acres Commercial Land N. John Young Parkway & W. Princeton Street Orlando, FL 32804

How does my local economy function? What would the economic consequences of a project or action be?

Lender Ordered Sale Commercial Site +/- 56 Acres in Dawson County

a commerce park designed for the needs of the next generation of business CampHall.com Charleston, South Carolina

Transcription:

Family Dollar for Sale 26 Spruill Ave. North Charleston, SC (Charleston MSA) Representative Photo

Table of Contents FOR FURTHER INFORMATION Joe Boyd office 8.97.828 mobile 8.906.77 web joe@twinriverscap.com 2-G Wappoo Creek Drive Charleston, SC 292 phone (8) 722.992 fax (8) 722.997 web twinriverscap.com 26 Spruill Ave. North Charleston, SC Locator Map... High Aerial... Mid Aerial... Site Aerial... 6 Site Plan...7 Elevations...8 Property Information...9 Port Access... 0 Area Growth & Planning... Tenant & Lease Information... 2 Financials... About Us...

Locator Map NORTH CHARLESTON, SC

High Aerial Summerville, SC SITE Charleston, SC

Mid Aerial Detyens Shipyards Future Port Terminal Charleston Steel & Metal Mary Ford Elementary Port City Paper SITE Central Transport

Site Aerial Area to be benefitted by rail line extension. Expected to become new port terminal. Clement Ave. Spruill Ave. = 2,2 VPD Spruill Ave. to be widened/improved for increased traffic due to rail line extension. SITE Stromboli Ave. Intersection to be signalized. Stromboli Ave. to be widened and extended to new rail line/port terminal. Will greatly increase traffic around site.

Site Plan

Elevations 9 MINIMUM STRUCTURAL HEIGHT NOTE: 8 8 9 FAMILY DOLLAR Project : 8 a 2 SCALE = /" = '-0" CL CL 2 7 A- 7 Sheet Description : A2 FOR TWIN RIVERS CAPITAL, LLC SPRUILL AVE. & STROMBOLI AVE. 69 CITY OF NORTH CHARLESTON, SC ARCHITECT'S PROJECT # E.L. a Seal ASPHALT 6 A2 EXTERIOR FINISH SCHEDULE NO. AREA A2 SCALE = /8" = '-0" SCALE = /8" = '-0" MATERIALS ARE TO BE APPROVED BY FAMILY DOLLAR STORE. COLORS ARE CRITICAL AND MUST BE APPROVED BY FAMILY DOLLAR STORE REPRESENTATIVE IF THEY DIFFER FROM THE BENJAMIN MOORE COLORS SHOWN BELOW. TYPE NUCOR - ACCENT PANEL CL A-2a MID-WEST COLOR "SADDLE TAN" PRE-FINISHED VP - VEE RIB PANEL NUCOR COLOR "SAGEBRUSH TAN" VP COLOR "TAN" 2 PRE-FINISHED PRE-FINISHED MID-WEST COLOR "SADDLE TAN" PRE-FINISHED PRE-FINISHED /22/7 COLOR MID-WEST - PBA PANEL CL E.L. b NUCOR COLOR "SAGEBRUSH TAN" VP COLOR "TAN" Drawn By : 6 7 EXTERIOR LATEX D.Watkins 2 PRE-FINISHED DOWNSPOUT NOTE: 9 METAL PANEL NOTES: GENERAL EXTERIOR NOTE: Revisions : SCALE = /8" = '-0" ALL GRADING ELEVATIONS REVISED TO COORD. W/ CIVIL "REVIEWED" 0 D.Myers 2 A2 8 Checked By : "DISAPPROVED - RESUBMIT" All Site and Building Plan Requirements, including but limited to, all Interior Dimensions, Materials, Hardware, Equipment & Specifications, are to be designed and built per the Family Dollar Prototype Plan #: -02 as indicated in the lease, unless a deviation is approved by Family Dollar's Plan Reviewer, next to each specific deviation. The initials indicate approval of only the one deviation being initialed. Any deviation from designated Prototype Plan that is not initialed by Family Dollar is disapproved and void. //7 PlanCom. Fixt. Civil & StructC /8/7 BID COMMENTS /2/7 Owner Coord. /8/7 FD Comments /2/7 NEL Photometric Coord. Date : Sheet No.

Property Information Property and Location Highlights NORTH CHARLESTON, SC North Charleston is the third-largest city in South Carolina, with incorporated areas in Berkeley, Charleston, and Dorchester counties. With the arrival of Boeing Aircraft, the city has gained international importance and stature as one of only four places in the world for the manufacture and assembly of wide-body commercial aircraft. Since the construction of Palmetto Commerce Parkway, many businesses (including Venture Aerobearings, Daimler Vans Manufacturing, Cummins Turbo, and the VTL Group) have invested hundreds of millions of dollars in North Charleston s economy. Industrial hubs continue to provide high-paying jobs. Major businesses in the area include: Boeing: Facility manufactures fuselage components and assembles and flight tests Boeing 787 aircraft, employs more than 6,000. Cummins Turbo Technologies: Corporate center and manufacturing plant. Daimler Vans Manufacturing LLC: Plant for manufacturing Daimler Vans, employing 200. The company announced expansion plans in early 20 that will bring an additional,200+ jobs to the area. InterContinental Hotels Group: Call center of parent company for Holiday Inn hotels, employing 00+ people. iqor: Call center providing outsourced customer service, retention, and revenue recovery services. Employs 60. Kapstone Paper and Packaging: Kraft paper mills employing,00. Verizon Wireless: Call center of parent company Verizon, employs 700. T-Mobile US: New Customer Care Center, an investment of $6.7 million, to create 00 new jobs Venture Aerobearings: Plant manufactures bearings for jet engines. Volvo Cars is investing $00 million to build its first US factory in the area. The plant is projected to contribute approximately $.8 billion in total economic output each year. Charleston International Airport and the Charleston Air Force Base, both located within the City of North Charleston, provide commercial and military air service for the region. The airport currently serves more than 2.9 million passengers annually. The South Carolina State Ports Authority has four intermodal facilities, one of which is located in North Charleston. > RARE YEAR NNN LEASE WITH SIX -YEAR OPTIONS INCREASING AT 0% EACH OPTION PERIOD > 0% RENT INCREASE IN YEAR > HIGHLY SOUGHT AFTER DENSE INFILL LOCATION > AREA HAS APPRECIATED SIGNIFICANTLY IN THE LAST 2 YEARS > NEW CONSTRUCTION > 8,20 SF;.2 ACRES > CAP RATE:.7% > ZERO LANDLORD OBLIGATIONS > 2,2 VPD > SITE CLOSE TO PLANNED PORT ACCESS ROAD (TO PROVIDE DIRECT ACCESS BETWEEN PROPOSED MARINE CONTAINER TERMINAL & I-26) > ROAD PROJECT TO INCLUDE THE EXTENSION OF STROMBOLI AVE AND ASSOCIATED ROADWAY IMPROVEMENTS TO SURFACE STREETS > MAJOR ARTERY CONNECTING THE CITY OF NORTH CHARLESTON TO THE CITY OF CHARLESTON > DEMOGRAPHICS Mile Mile Mile Population,9,899 26,67 Average HHI 0,779 8,092 6,9

Port Access SITE Palmetto Railways Navy Base Intermodal Facility Clouter Island SCDOT Port Access Road Hugh K. Leatherman, Sr. Terminal LEATHERMAN TERMINAL The South Carolina Ports Authority is currently building the only permitted new container terminal on the U.S. East and Gulf Coasts. Since receiving the final permit approvals in 2007, the Ports Authority has completed preliminary demolition, site preparation, and containment wall construction on the new 280-acre terminal which, at build out, will boost capacity in the port by a full 0%. Construction is currently underway, and the anticipated opening date of the terminal s 7-acre first phase is planned for fiscal year 209 or as market demand requires. To offset potential negative impacts, the South Carolina Ports Authority has included what has been called the state s largest environmental and community mitigation package, estimated at $2.2 million. The Ports Authority s plan includes both environmental and community mitigation measures. In addition to the Ports Authority s efforts, SCDOT also has planned extensive mitigation for impacts associated with the Port Access Road.

Area Growth & Planning The Spruill/Stromboli Ave. site lies in close proximity to the planned (and underway) Port Access Road. This road, along with community plans, will bring significant growth to this specific area, continuing the unprecedented growth of Charleston county. PORT ACCESS ROAD The Port Access Road Project will provide direct access between the new Leatherman Terminal and I-26 while maintaining adequate service for local, commuter, and commercial traffic. Included in the Project s purpose is the intent to safely integrate container terminal traffic with existing traffic; support local and regional planning policies and strategies; and minimizing adverse impacts on communities and the environment. The Project consists of the construction of a new fully directional interchange on I-26, a Bainbridge Connector Road, the extension of Stromboli Avenue and associated roadway improvements to surface streets to serve the proposed Naval Base Terminal. The port access road will allow trucks to access the Leatherman Terminal without using local streets. The construction should be finished just as the new port terminal is set to open in late 209. At about $70 million, the Leatherman Terminal is scheduled to open at about the same time as a $09 million dredging project that will give Charleston the deepest port on the East Coast. Palmetto Railways, a division of the S.C. Commerce Department, is building a $0 million transfer yard near the new terminal where cargo will be loaded onto and off of trains. (source: SCDOT) STROMBOLI CORRIDOR DEVELOPMENT The Stromboli Corridor catalyst area is a neighborhood center today. It consists primarily of large lot industrial uses and container storage areas that effectively separate the Five Mile and Windsor neighborhoods between Carner Avenue and Spruill Avenue. With this area envisioned as a community focal point, catalyst opportunities will be oriented towards civic uses such as a community center, workforce training, health care amenities, education facilities and other programs that help promote economic opportunity and prosperity. The preliminary planning level program derived from the Long Term Phasing Concept Plan shows that about 00 residential dwelling units and 280,000 square feet of non-residential uses could be developed in this catalyst area, which is consistent with preliminary program numbers for the Stromboli area from the LAMC Final Plan. Non-residential uses as envisioned in this Concept Plan include 0,000 SF of retail; 0,000 SF of office/commercial; and 80,000 SF of institutional. (source: neckprosperity.org, Berkeley-Charleston-Dorchester Council of Governments) Catalyst area today Future rendering

Tenant & Lease Information TENANT PROFILE Tenant: Family Dollar Stores of South Carolina, Inc. Guarantor: Dollar Tree, Inc. LEASE INFORMATION > year NNN lease with zero landlord obligations > Six -year options increasing at 0% each option period > 0% bump in last years of initial term Dollar Tree, a Fortune 200 Company which acquired Family Dollar in July, 20, now operates more than,000 stores across 8 states and five Canadian provinces. Stores operate under the brands of Dollar Tree, Dollar Tree Canada, Deals, and Family Dollar with a Market Capitalization of $2 Bn. Dollar Tree is the nation s leading operator of fixed price-point stores, selling everything for $ or less, and Family Dollar is a leading national operator of multi price-point stores offering merchandise generally ranging in price from $-$0 including consumables, home products, apparel and accessories, electronics, and seasonal goods to primarily low and middle-income consumers in convenient neighborhood stores. The Company intends to retain and to grow both banners going forward and will optimize the combined real estate portfolio. > Corporate Guarantee by Family Dollar, Inc. a Subsidiary of Dollar Tree > Financial Strength: Investment grade. S&P 00 credit rating of BB+ and Moody s of Ba > Amazon (e-commerce) Proof: Discount stores are being described as immune to e-commerce due to their focus on convenience and small store formats (source: emarketer Inc., a leading market research company) > Dollar Tree reported $.6 billion in net sales in its most recent quarter > The combined Dollar Tree and Family Dollar company operates more than,000 stores nationwide, making it the largest dollar-store chain in the U.S. by store count > The combined company has sales of over $9 billion a year > Family Dollar continues as a wholly-owned subsidiary of Dollar Tree NYSE: DLTR

Financials Rent Roll Tenant: Family Dollar Stores of South Carolina, Inc. Guarantor: Dollar Tree, Inc. NNN Lease Price Summary Price $2,08,27 Cap Rate.7% NOI $9,900 TENANT BUILDING SQ FT LEASE START/ EXPIRATION RENT PER SQ FT MONTHLY RENT ANNUAL RENT OPTIONS Family Dollar 8,20 SF Spring 208 / 9/0/202 Years 0: $. Years : $.8 Years 0: $9,99.67 Years : $0,990.8 Years 0: $9,900.00 Years : $,890.00 Six -year options increasing at 0% each option period

About Us TRC provides national retailers with a comprehensive solution for growing their business by developing new locations. TWIN RIVERS CAPITAL, LLC Twin Rivers Capital, LLC is a privately held real estate investment, development and brokerage company, founded in 2002 and headquartered in Charleston, SC. Focusing on the growth regions of the Southeastern US, TRC provides national retailers with a comprehensive solution for adding new locations. TRC has developed more than.2 million SF of real estate with values of nearly $200 million. TRC also handles third party brokerage, including tenant and landlord representation and investment brokerage services in FL, GA, SC, NC, VA, TN and AL. Build to Suit JV Programs Preferred Developers for National Retailers Brokerage Fee Development Programs YOUR TWIN RIVERS CAPITAL CONTACT Joe Boyd Joe is responsible for all property and asset management and is also involved in property sales. With over 2 years of experience in property management, Joe has served as Property Manager for numerous lifestyle centers and super-regional malls, including properties held by Madison Marquette Realty Services, CBL Properties and The Jacobs Group. Joe received his Bachelor s Degree from Grove City College and his MBA from Indiana University of Pennsylvania. He received his CSM in 99, his CMD in 997 and his SC Realtor s License in 2008. OFFICE 8.97.828 MOBILE 8.906.77 EMAIL joe@twinriverscap.com WEB twinriverscap.com Client Roster FAMILY DOLLAR AUTOZONE MCDONALD S VERIZON WALMART SHERWIN WILLIAMS DICK S AT&T HOBBY LOBBY STARBUCKS DOLLAR TREE EDWARD JONES